Economic Data Forecasts For The Weeks Of February 24 And March 2.
Here are my forecasts for upcoming economic data. |
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Forecast |
Prior Observation |
Consensus |
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Week of February 24 |
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February 24 |
||||
Chicago Fed National Activity Index |
-0.20 |
-0.35 |
||
Dallas Fed Manufacturing Index |
0.0 |
-0.2 |
||
February 25 |
||||
S&P Case/Shiller Index - December |
||||
Twenty City M/M |
0.0% |
0.1 |
||
Twenty City M/M - SA |
0.5 |
0.5 |
0.5 |
|
Twenty City Y/Y |
2.8 |
2.6 |
2.8 |
|
FHFA Housing Market Index - December |
0.4% |
0.2 |
||
Consumer Confidence Index - February |
132.5 |
131.6 |
132.0 |
|
Richmond Fed Manufacturing Index |
5 |
20 |
||
February 26 |
||||
New Home Sales - Jan |
705K |
694 |
715 |
|
February 27 |
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Initial Unemployment Claims |
208K |
210 |
211.0 |
|
Durable Goods Orders - January |
-1.2 |
2.4 |
-1.5 |
|
GDP - Q4 (p) |
2.1 |
2.1 |
2.1 |
|
Pending Home Sales - January |
106.0 |
103.2 |
106.2 |
|
February 28 |
||||
International Trade in Goods - January (a) |
-67.9 |
-68.3 |
||
Wholesale Inventories (a) - January |
-0.1% |
-0.2 |
||
Personal Income - January |
0.3% |
0.2 |
0.3 |
|
Personal Spending |
0.3 |
0.3 |
0.3 |
|
Chicago PMI - February |
47 |
42.9 |
45.8 |
|
Michigan Consumer Sentiment - February (r) |
100.9 |
100.9 |
1009.9 |
|
Week of March 2 |
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March 2 |
||||
PMI Manufacturing Index - February |
50.8 |
50.8 |
||
ISM (Mfg) - February |
50.2 |
50.9 |
||
Construction Spending - December |
0.3% |
-0.2 |
||
March 3 |
||||
Auto Sales* - February |
16.8M |
16.8 |
||
Car Sales |
4.4 |
4.6 |
||
Truck Sales |
12.4 |
12.2 |
||
March 4 |
||||
PMI Services Index - February |
49.4 |
49.4 |
||
ISM Services Index |
55.5 |
55.5 |
||
March 5 |
||||
Productivity - Q(4) - r |
1.4% |
1.4 |
||
Unit Labor Cost |
1.4 |
1.4 |
||
Factory Orders - January |
-0.3% |
1.8 |
||
Durable Goods Orders |
-1.2 |
2.4 |
||
Nondurable Goods Orders |
0.6 |
1.1 |
||
March 6 |
||||
Nonfarm Payrolls - February |
170K |
225.0 |
||
Private |
155 |
206 |
||
Manufacturing |
-5 |
-12 |
||
Unemployment |
3.5% |
3.6 |
||
Average Workweek |
34.3HR |
34.3 |
||
Average Hourly Earnings |
0.2% |
0.2 |
||
International Trade - January |
-$48.5 |
-48.9 |
||
Consumer Credit - January |
$17.0B |
22.1 |
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Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and widely published columnist. He is the five time winner of the MarketWatch best forecaster ...
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